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LatAm ratings wrap: Fitch ups Banrisul ratings, affirms several Honduran banks

S&P Global Market Intelligence presents a summary of various ratings actions on Latin American financial institutions and economies. Ratings actions are listed by announcement date in reverse chronological order.

Aug 1

* Fitch Ratings revised the outlook on the long-term national rating of Dominican Republic-based Banco De Ahorro y Credito Fondesa SA to positive from stable. The rating agency also affirmed the bank's long- and short-term national ratings at A-(dom) and F2(dom), respectively.

* Fitch affirmed the national long- and short-term ratings of Banco de Ahorro y Crédito ADOPEM SA at AA-(dom) and F1+(dom), respectively.

* S&P Global Ratings affirmed Argentina's long- and short-term foreign and local currency ratings at B and its national long-term rating at "raAA-".

July 31

* Fitch upgraded Banco do Estado do Rio Grande do Sul SA's long-term foreign and local currency issuer default ratings to BB- from B+, viability rating to "bb-" from "b+" and long-term national ratings to A+(bra) from A(bra). The outlook on the long-term national ratings was revised to positive from stable, while that of the long-term issuer default ratings is stable. The bank's B short-term foreign and local currency issuer default ratings and F1(bra) national short-term rating were also affirmed.

* Fitch changed the outlook of Banestes SA - Banco do Estado do Espírito Santo's national long-term rating to positive from stable after affirming it at A+(bra). The rating agency also affirmed its long- and short-term foreign and local currency issuer default ratings at BB- and B, respectively. The lender's national short-term rating and viability rating were also affirmed at F1(bra) and "bb-," respectively.

* Fitch affirmed Banco Regional de Desenvolvimento do Extremo Sul's long- and short-term foreign and local currency IDRs at BB- and B, respectively. The rating agency also affirmed the bank's long- and short-term national scale ratings at AA(bra) and F1+(bra), respectively.

* Fitch affirmed the AAA(cl) long-term and N1+(cl) short-term national scale deposit ratings of China Construction Bank Agencia En Chile.

* Fitch maintained Rating Watch Negative on the BB- long-term and B short-term foreign- and local-currency issuer default ratings of BRB-Banco de Brasília SA. The negative watch was also maintained on the bank's long- and short-term national ratings of A+(bra) and F1(bra), respectively.

* Fitch affirmed Banco do Estado de Sergipe SA's national long- and short-term ratings at A-(bra) and F1(bra), respectively.

July 30

* Fitch revised the outlooks on the national scale financial strength ratings of Seguros del Estado SA and sister company Seguros de Vida del Estado SA to negative from stable. The rating agency also affirmed the insurer's national financial strength ratings at A+(col).

July 29

* S&P Global Ratings withdrew Consubanco SA Institución de Banca Múltiple's national long- and short-term issuer credit ratings of mxBBB+ and mxA-2, respectively.

* Fitch affirmed the national long- and short-term ratings of Banco de Desarrollo Rural Honduras SA at AA(hnd) and F1+(hnd), respectively.

* Fitch affirmed the national long- and short-term ratings of Banco Davivienda Honduras SA at AA+(hnd) and F1+(hnd), respectively.

* Fitch affirmed the national long- and short-term ratings of Banco de America Central Honduras SA at AA+(hnd) and F1+(hnd), respectively.

* Fitch affirmed the national long- and short-term ratings of Banco Financiera Centroamericana SA in A-(hnd) and F1(hnd), respectively.

* Fitch affirmed the national long- and short-term ratings of Banco Financiera Comercial Hondureña SA in AA-(hnd) and F1+(hnd), respectively. The rating agency also maintained the negative outlook of the bank's ratings.

* Fitch affirmed the national long- and short-term ratings of Banco del País SA at AA(hnd) and F1+(hnd), respectively.

* Fitch affirmed the national long- and short-term ratings of Banco Atlántida SA at A+(hnd) and F1(hnd), respectively.

* S&P affirmed its global long- and short-term issuer credit ratings of Banco Inbursa SA Institución de Banca Múltiple Grupo Financiero Inbursa at BBB+ and A-2, respectively. The bank's long- and short-term ICRs on a national scale were also affirmed at "mxAAA" and "mxA-1+", respectively. The rating agency affirmed its long- and short-term national scale ICRs of the lender's core subsidiaries, Inversora Bursátil SA de CV Casa de Bolsa Grupo Financiero Inbursa and Sofom Inbursa SA de CV SOFOM ER Grupo Financiero Inbursa at "mxAAA" and "mxA-1+", respectively.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.